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The latest update is out from Orient Securities Co., Ltd. Class H ( (HK:3958) ).
Orient Securities Co., Ltd. has announced a plan to repurchase A shares through centralized price bidding, with a budget ranging from RMB250 million to RMB500 million. The initiative aims to protect the company’s value and shareholder interests, with a maximum repurchase price set at RMB13.5 per share. The repurchase period is set for three months following board approval. The company has highlighted potential risks, including share price fluctuations and significant changes in operational or financial conditions that could impact the plan’s execution. The repurchase reflects confidence in the company’s prospects and the broader Chinese capital market.
More about Orient Securities Co., Ltd. Class H
Orient Securities Co., Ltd. Class H is a joint stock company incorporated in the People’s Republic of China, operating in the financial services industry. The company is engaged in securities trading and related financial services, with a focus on safeguarding shareholder value and maintaining a strong market presence.
YTD Price Performance: -18.75%
Average Trading Volume: 61
Technical Sentiment Signal: Sell
Current Market Cap: €8.89B
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